$2,250,000
6450 E CAVE CREEK Road
Cave Creek, AZ 85331
MLS# 6013981
Status: Closed
13753 sqft


6450 E CAVE CREEK Road, Cave Creek, AZ 85331
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Property Description
With gorgeous views of Black Mountain, in the heart of Cave Creek, this building does not disappoint. Great investment opportunity featuring a gym, offices, restaurant space, yoga studios, frontage to the new equestrian pathway, and private parking. Currently at 80% occupancy with room to grow. With the town ever expanding the demand for space like this is becoming a premium! Don't miss out on a stellar building. As Cave Creek continues to expand so does the demand for unbelievable spaces like this.

Details
Maps
Contract Info
Current Price: $1,855,000
Sold Price: $1,855,000
Status: Closed
List Date: 2019-12-12
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: F37
House Number: 6450
Compass: E
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Cave Creek
State/Province: AZ
Zip Code: 85331
Zip4: 8664
Country: USA
County Code: Maricopa
Legal Description (Abbrev): FRIERS ADDITION MCR 24-11 TH PT LOTS 12 & 13 LY S OF S LN OF N 500F BEG W4 COR SEC 27 TH S ALG W L N
Subdivision: FRIERS ADD 1
Assessor's Map #: 6
Assessor's Parcel #: 17
Assessor Parcel Ltr: G
Add'l Parcels: No
Assessor Number: 216-06-017-G
Census Tract: 30402
Legal: LOT 12 FRIERS ADD 1 MCR 002411
Tax Municipality: Cave Creek
Taxes: 12956
Tax Year: 2019
General Property Description
Type of Property: Commercial Building
Ttl Apx SqFt Bldg: 13753
# of Buildings: 1
Year Built: 2001
Uncvrd Parking Spcs: 62
Zoning: CC
Remarks & Misc
Cross Street: Cave Creek Road and School House
Directions: Just east of School House Road on the North side of Cave Creek Rd.
Geo Lat: 33.832954
Geo Lon: -111.941435
Status Change Info
Status Change Date: 2020-11-18
Off Market Date: 2020-11-18
Under Contract Date: 2020-07-30
Close of Escrow Date: 2020-11-18
Sold Price: $1,855,000
Legal Info
Township: 6N
Range: 4E
Section: 27
Lot Number: 12
Income & Expenses
Annual Elec Exp: 4440
Annual Ins Exp: 3186
Annual Landscape Exp: 1620
Annual Trash Exp: 3024
Annual Wtr/Swr Exp: 7800
Owner Association: No
Operating Exp: 33026
Net Operating Income: 152086
Pmt & Rate Info
Cap Rate: 6.76
Equity: 2250000
Sold Info
Loan Type: SBA
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyr Concess to Sell: 3
Buyer Concess $/%: %
Sellr Concess to Buy: 3
Seller Concess $/%: %
Property Features
Building Type: Commercial
Current Use: Mixed Use; Service Business; Restaurant; Office; Retail
Stories: 2 Stories
Construction: Block; Stucco
Roofing: Foam
Floors: Concrete; Wood; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Alarm System; Private Restrooms
Exterior: Sprinkler Sys-Ground; Landscaping; Building Sign; Monument Sign
Fencing: None
Amenities: Public Elevator(s); Display Window(s)
Parking: Free; Private Parking; Paved Parking
Electric: APS; Individual Meter; 220; Over 220 Amp; 3 Phase Power
Gas: SW Gas; Underground
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 2.1 - 5 Miles; Over 5.1 Miles
Owner Wants: Cash Only
Source of Fincl Data: Provided by Owner; Projected Proforma
Existing 1st Loan: Private
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Dedicated Street
Traffic Count: Unknown
Reports/Disclosures: None
Environmental: None

Listing Office: West USA Realty

Last Updated: November - 28 - 2021

6450 E CAVE CREEK Road, Cave Creek, AZ 85331 - MLS# 6013981

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